FINANCIAL NEWS

Kuwait credit increases by 6.5 percent in Nov

24 Jan 2016

(MENAFN) Kuwait’s credit viewed a positive increase in Nov 2015, with growth slipping to 6.5 percent yearly, which grew by USD 619.3mn through the cited month.

Moreover, household debt continued to see healthy grow in Nov, personal facilities without loans for the purchase of securities valued USD 350.6mn in Nov.

However, shorter term consumer loans, used to finance car and other consumer goods purchases, were flat, longer tenor installment loans continued to grow by 15.9 percent.

In addition, business credit, which excludes loans enlarged to investment firms, increased by USD 304.7mn, with growth slipping to 4.2 percent yearly.

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